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KENNAMETAL INC Director's Dealing 2003

Dec 12, 2003

31867_dirs_2003-12-12_f1ed32fc-4254-4313-bb7c-8fb84327e108.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KENNAMETAL INC (KMT)
CIK: 0000055242
Period of Report: 2003-12-11

Reporting Person: BREISINGER JAMES R (Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2003-12-11 Common Stock A 2000 $38.48 Acquired 33352.5325 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2003-12-11 Employee Stock Option (right to buy) $38.48 A 7500 Acquired 2013-12-10 Common Stock (7500) Direct

Footnotes

F1: The amount of securities beneficially owned following reported transaction(s) listed in column 5 of Table I includes 229.0135 shares acquired pursuant to tax-conditioned plans (exempt under Rule 16b-3(c). Specifically, the amount includes: (a) 71.535 shares acquired pursuant to the Kennametal Inc. Thrift Plan; and (b) 157.4785 shares acquired pursuant to Kennametal Inc. Dividend Reinvestment and Stock Purchase Plan. (Please note that this footnote would normally be included in column 5 of Table I. The filing system currently used does not support footnotes to this column.)

F2: The option vests in three equal annual installments, commencing on December 11, 2004.